ICL Group Ltd (NYSE:ICL) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in ICL Group Ltd (NYSE:ICL) by 49.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,139 shares of the basic materials company’s stock after purchasing an additional 25,992 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ICL Group were worth $335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ICL. Blue Trust Inc. boosted its stake in ICL Group by 93.2% during the second quarter. Blue Trust Inc. now owns 20,367 shares of the basic materials company’s stock valued at $87,000 after buying an additional 9,823 shares in the last quarter. Optas LLC boosted its position in shares of ICL Group by 18.1% during the 2nd quarter. Optas LLC now owns 28,782 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 4,410 shares in the last quarter. Meitav Investment House Ltd. boosted its position in shares of ICL Group by 2.8% during the 2nd quarter. Meitav Investment House Ltd. now owns 17,215,645 shares of the basic materials company’s stock valued at $73,813,000 after purchasing an additional 465,031 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of ICL Group by 3.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 206,148 shares of the basic materials company’s stock worth $893,000 after purchasing an additional 6,148 shares during the last quarter. Finally, Cadence Wealth Management LLC raised its holdings in shares of ICL Group by 12.2% in the 2nd quarter. Cadence Wealth Management LLC now owns 57,531 shares of the basic materials company’s stock worth $246,000 after purchasing an additional 6,274 shares in the last quarter. 13.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th.

ICL Group Stock Up 0.4 %

Shares of ICL Group stock opened at $4.85 on Friday. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $5.54. The firm has a market capitalization of $6.37 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 7.00 and a beta of 1.25. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $4.47 and its 200-day moving average is $4.35.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the business posted $0.11 EPS. Equities analysts anticipate that ICL Group Ltd will post 0.35 earnings per share for the current year.

ICL Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.0133 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.10%. ICL Group’s dividend payout ratio is currently 45.16%.

ICL Group Company Profile

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.